conciliation arbitration litigation compel
Section 1
Definition of Arbitration
Arbitration refers to that the two parties, before or after the disputes arise, reach a written agreement that they will submit the disputes which cannot be settled through amicable negotiations to a third party for arbitration.Both parties shall settle the disputes complying with the result of arbitration as the arbitration result has legally binding force.
dismiss v. 解散,开除
Section 5
Elements of Arbitration Agreements
In our country, the China International Economic and Trade
Arbitration Commission (CIETAC) in Beijing, and its chapters in Shenzhen and Shangha
(4)award.
Section 5
4. Arbitration award
Elements of Arbitration Agreements
An award is the decision made by the arbitration tribunal. It must be in written form with or without explanations or reasons. An arbitration clause must provide that the arbitral award is final, which is the incarnation of excluding the jurisdiction of litigation of courts by the arbitration clause. If an arbitration clause doesn’t conclude that the arbitral award is final, CIETAC will not accept the case. incarnation jurisdiction n. 赋予肉体,具人形,化身 n. 司法权,审判权,管辖权
